Alliance Archives - Page 15 of 21 - Tyrepress

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Conti Concludes “Far Reaching” Agreement with Schaeffler

After more than a month of talks and controversy, on August 21 Continental AG announced it has entered into what it calls a ‘far reaching investment agreement’ with Schaeffler KG, Mrs. Maria-Elisabeth Schaeffler and Mr. Georg F.W. Schaeffler. The agreed upon deal sees Schaeffler increase its offer to 75 euros per Conti share, however this “new chapter in its Corporate history”, to quote Continental, will be one without CEO Manfred Wennemer; Mr. Wennemer has asked the Conti supervisory board to release him from his responsibilities by August 31, 2008. The supervisory board has agreed to this request, noting great respect for Wennemer’s achievements. His successor will be appointed in the immediate future.

21st August 2008/by Tyrepress Editors

Amidst Rumors, Double Coin Chairman Ousted

Fan Xian has been replaced as chairman of Double Coin Holdings, one of China’s largest tyremakers and parent of China Manufacturers Alliance in the US. There have been a number of unconfirmed reports out of China that Fan had been “detained” and is under investigation by the government for unspecified reasons.

Liu Xunfeng was appointed to replace Fan, effective August 6, by the Shanghai Huayi Group, a government body that owns a 60 per cent share of Double Coin Holdings. Fan also served as vice president of Shanghai Huayi Group, and was replaced in that capacity, as well. Yue Chun Chen, general manager of Double Coin and president of its Shanghai radial truck tyre plant, will continue to manage the day-to-day affairs of the company and its global tire subsidiaries.

14th August 2008/by Tyrepress Editors

Bafin Approves Schaeffler’s Bid for Continental

The German federal financial supervisory authority (BaFin) has given the go-ahead for Schaeffler Group’s 70.12 euro per share cash bid to take over Continental AG. According to an official statement on the subject, the acceptance period for the offer begins today and ends at midnight on 27 August 2008.

Dr Juergen Geissinger, Schaeffler Group president and CEO, made it clear that Schaeffler wants to wrap up proceedings as soon as possible, pointing to recent comments made by vehicle manufacturers including Volkswagen, GM and Porsche: “Public statements of customers of both companies from the automotive industry show that they view a possible alliance between Schaeffler and Continental as positive…We remain determined to come to a rapid agreement with Continental AG’s management that is in the interests of all parties involved. Regardless of the previous rejection of our offer, we can see a great opportunity for this, because we remain prepared to continue Continental AG’s existing strategy, which we explicitly support, together with the management.”

30th July 2008/by Tyrepress Editors

Goodyear bringing a piece of NASCAR history to Goodwood

NASCAR is Goodyear’s single largest motorsport customer in North America, and the US tyre major holds the position of official tyre supplier until 2012. Every year the championship requires 150,000 Goodyear race tyres. The company’s relationship with NASCAR began in 1954, with the tyre alliance becoming official in 1997. In this time the sport has seen some iconic race drivers and cars, none more so than the legendary Bobby Allison, with 85 career wins placing him with the top drivers of all time.

4th July 2008/by Tyrepress Editors

Pirelli Appoints New Advertising Agency

Pirelli Tyre has appointed the Tampa, Florida based advertising agency Pyper Paul + Kenny to develop the company’s worldwide branding and creative platforms. PP+K came to Pirelli’s attention through the agency’s work for the Grand American Road Racing Association, whom the manufacturer sponsors.

The Italian firm hopes to develop strategic alliances with the Association and with World Rally Championship through the new appointment. PP+K will simultaneously launch a magazine advertising campaign in various auto-magazines worldwide.

1st July 2008/by Tyrepress Editors

India Facility to Boost Alliance Tire Agri, OTR Capacity

Alliance Tire, the Israel based company purchased in July 2007 by former BKT CEO Yogesh Mahansaria and global private equity company Warburg Pincus, has plans to construct a £50 million greenfield facility in India. The factory will focus on the production of agricultural and smaller size OTR tyres, and is tipped to double the company’s total production capacity. Manufacture at the plant is anticipated to commence in the first quarter of 2009.

10th June 2008/by Tyrepress Editors

Bridgestone to Buy 8.7% Share in Toyo Tire

Bridgestone Corporation has agreed to buy an 8.7 per cent stake in Toyo Tire & Rubber Co., Ltd., with Toyo reciprocating by buying a 0.5 per cent share of Bridgestone. Describing the moves as “business and capital alliances,” the Japanese tyre and rubber product manufacturers explained that moves are part of an agreement designed to help both companies syngergise in procurement and production. The transfer of shares is scheduled for Oct. 16, according to the statement. There are currently no details of whether or not the two Japanese tyre and rubber product manufacturer’s deal will extend beyond the announced share swap.

Bridgestone’s statement said the alliances are a result of the “bipolarization of market into high performance products and general-purpose products, structural changes in competition due to emerging power with low-priced products, and structural change in earnings due to steep rise of raw material cost.”

16th May 2008/by Tyrepress Editors

Alliance to Present Recovered Carbon Black at Bridgestone TC

Alliance Recovery Corporation has announced that company representatives have been invited to attend the Bridgestone Firestone US Technical Center in Akron, Ohio to present merits of their carbon black products. The purpose of this meeting is to discuss the use of Alliance carbon black in Bridgestone Firestone rubber formulations. The proposed meeting is scheduled to take place in late May 2008.

Alliance’s carbon black is produced as a by product of the thermal chemical process utilized to recover the fuel oil resource in scrap rubber that will be subsequently used to make electricity at Alliance installations. Alliance are presenting themselves as the green option in comparison to conventional carbon black production that uses large quantities of virgin fossil fuels. “We expect that each Alliance installation will be capable of producing approximately 15 Million pounds of carbon black annually as a byproduct. Commercial grades of carbon black that Alliance can produce are currently sold in the range of $.55/ pound to $.70/ pound. European market prices are significantly higher,” company representatives explained in a statement.

13th May 2008/by Tyrepress Editors

Bandvulc Keeps Boots On The Move

Boots, part of the Alliance Boots group worldwide pharmaceutical, health and beauty company, has selected Bandvulc and Bandvulc Tyre Contracts to administer its commercial tyre policy at its Headquarters and largest logistics base within the UK.

After competitive bids from all of the major suppliers and manufacturers, Bandvulc Tyre Contracts was awarded the business based on its ability to deliver solutions to the highest standards, as required by Boots. David Landy, the Fleet Manager for Boots, adds: “Our fleet at Nottingham is primarily trailers; with over 500 being based here at any one time, it was essential that the offer focused on competitive pricing and the ability to deliver results. Like any business, delivery of what you commit to is a vital part of any agreement and that is what we saw in Bandvulc Tyre Contracts. The solutions offered were practical and deliverable, hence their success.”

25th March 2008/by Tyrepress Editors

BBC Criticised for Cost of Hammond Puncture Investigation

Some 18 months after Richard Hammond’s nearly lethal high speed puncture, a prominent taxpayers’ association has hit out at the BBC for spending more than £43,000 of TV licence payers’ money investigating the crash, only to discover that a nail in the tyre was probably the culprit. The Daily Mail obtained details of the costs incurred through the Freedom of Information Act on March 9, and its disclosure has prompted a spokesman for the TaxPayers’ Alliance to comment: “it’s bizarre that the BBC should spend so much investigating the health-and-safety reasons behind a Top Gear crash. For the amount they paid, they found out very little.”

10th March 2008/by Tyrepress Editors

Companies Announce Real Time TPMS

Par Logistics Management Systems, a subsidiary of Par Technology, along with Advantage PressurePro LLC, have announced the introduction of what has been called first real time tyre pressure management system for the transportation industry. For the first time trailer managers can be given real time information on trailer location, temperature, fuel levels and door activity while also receiving critical alerts on reefer failures, rapid fuel loss and now, insufficient tyre pressure. Automated alerts can be sent via e-mail or text message.

“We are proud to be integrating our technology with that of Par’s,” commented Phillip Zaroor, president and CEO of PressurePro. “PressurePro continues to be committed to bringing the best possible TPM Solutions to the market, with the latest in cutting edge technologies. This partnership allows us to do just that, bringing to the market a genuinely complete solution.”

6th February 2008/by Tyrepress Editors

PCL-Sumo Appoints New CEO

PCL’s Indian joint venture (PCL-Sumo) has announced the appointment of Uday Bhaskar as its new Chief Executive Officer. He will lead the company’s Mumbai-based team providing sales and support service for PCL’s tyre inflation and pneumatic products on the Indian marketplace. The alliance of PCL and Sumo Hi-Tech Marketing Pvt Ltd. has allowed Indian customers instant local access to a vast resource of experience, products, local training and international support, all delivered with an in-depth knowledge of the Indian market.

11th January 2008/by Tyrepress Editors

Bandag Releases Updated Aspects Software

Bandag EMEA first launched its Aspects fleet inspection program at Reifen Essen 2006. Since then a growing number of Bandag Dealers and Eurofleet partners have begun using Aspects to demonstrate potential savings on fleets’ tyre budgets. Based upon input from these initial users a new version of Aspects is now available.

Major improvements in the areas of technological development and user friendliness have been made in relation to reporting and data integrity, states Bandag, who claims Aspects provides clear reporting on all aspects of tyre maintenance and fleet tyre policy implementation, as well as indicating the best opportunities for savings on a fleet’s total tyre budget. Using the program’s Out of Service Tyre Analysis module, the root causes of eventual tyre damage and reasons for pulling tyres prematurely can be analysed and reported.

12th December 2007/by Tyrepress Editors

Morgan Sets Retirement Plans, Alliance Begins Search

(Tire Review/Akron) Richard Morgan has announced his retirement as president and CEO of the Aftermarket Auto Parts Alliance.

No exact date for his retirement was announced. The Alliance’s board of directors has launched a search for Morgan’s successor, and the group and Morgan indicated that the search window may be two years.

11th December 2007/by Tyrepress Editors

Allparts Chooses Autopart For Future Growth

Allparts Automotive Ltd, a major UK automotive parts distributor and founder member of the UK Parts Alliance, has committed to implementing MAM Software’s Autopart management solution as part of its on-going strategy to develop and grow its business. It will provide the company with state-of-the-art customer service technology, as well as specialist back-office management tools, giving staff at its High Wycombe head office improved visibility and tighter control of operations at its eight distribution centres across the north and west home counties.

In a recent communication to employees, Mark Darvill, Managing Director of Allparts, explained the decision to partner with MAM: “This new software will deliver many advantages to our business as we continue to grow and change in the future. It will provide a host of additional benefits throughout the business from point-of-sale, product management and reporting, through to warehousing, distribution and e-commerce.”

3rd December 2007/by Tyrepress Editors